Recently, the term “Altcoin” has reached its historical summit in Google Trends in a short time, but it showed a huge decline in a week. This led to many investors and market observers to ask questions about how solid the so -called “Altcoin Season .. Especially the rapid rise and fall of the search volume so quickly brought up new discussions about the sustainability of retail investor interest.
Does Google Trends decrease the role in the market?
Google Trends is often seen as an indicator in terms of measuring the interest of new retail investor in the crypto currency market. Historically, the increase in searches is accompanied by investor interest and price mobility. However, in August, the sudden rise in “Altcoin” searches declined, indicates that this relationship may have been weakened. Similarly in the United States and around the world, the searches of “Altcoin” fell from 100 points to 16 points in a week.
Critical statements about this mobility in social media accounts also drew attention. The following statements were included in the sharing of Mario Nawfal’s Roundtable account:
“The lower season searches on Google rose faster than a collective breast coin.”
In parallel, there was a short -term rise in the market value of the subcoins, and then a decrease. The market value increased from $ 1 trillion to $ 1.1 trillion and decreased to 1 trillion again and created question marks on the permanence of trends.
Is the Altcoin season fragmented?
Some analysts say that despite the rapid ups and downs, the interest in Altcoin is more than in the past years. Analyst Cyclop argued that the word “altcoin” has become the main current and that this increase represents an ascension in interest:
“That increasing interest is higher than 2021. The reason for this is that it is more coins and the ‘Altcoin turned into a widespread expression. It was only called’ crypto ‘. This shows that interest began to rise, but it does not show that the summit has been reached.”
Another reason why Google Trends is inadequate in measuring the current retail demand is that investors are now using more artificial intelligence tools to access information. In addition, market concepts such as “Altcoin” are now known by many investors may have reduced search volume through Google.
According to August data, the rise in the subcoins did not spread to a very large base. Ethereum only $0.00000000010003stock market tokens and Oracle categories have performed positively in the last month. In particular, the collection of Ethereum by public companies is effective, the rise in the stock market tokens BNB and OKB came to the fore. The performance of Oracle tokens is also largely chainlink 
$26.10‘in a price increase in the price.
It was revealed with the data that there are different reasons for the rise in the subcoins and that a multi -part movement came to the forefront than a general lower season. For example, OKB Token gained value thanks to large -scale burns. Chainlink came to the fore with its new substitute plan. These developments did not reveal as much inclusive sub -season as expected.
Polygon CEO Sandeep said that the rise in past seasons was mostly with speculation and marketing, and nowadays, investors are looking for real benefits and use. Sandeep, in the new period, as in the past, many token will not rise, fewer and usage area token will come to the fore: he said:
“In my opinion, retail investors are searching, but institutions do not invest in stories yet. Old sub -seasons were progressing with speculation, promises and marketing. Corporate money is smarter; the real benefit and income flow is looking for a flow of benefit and income.
Some analysts maintain their hopes. The crypto currency exchange Coinbase and Panthera Capital estimate that a new Altcoin season can begin in September. This expectation supports views that short -term search trends do not fully reflect the general market trend.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
